Nexstar Media Group (NASDAQ:NXST) Director Bernadette Aulestia Sells 300 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Bernadette Aulestia sold 300 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $186.80, for a total value of $56,040.00. Following the completion of the sale, the director owned 4,383 shares in the company, valued at approximately $818,744.40. This represents a 6.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Nexstar Media Group Price Performance

Shares of NASDAQ NXST opened at $186.24 on Tuesday. The company has a debt-to-equity ratio of 5.09, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 35.75 and a beta of 0.91. The firm’s 50 day simple moving average is $181.15 and its 200-day simple moving average is $198.88. Nexstar Media Group, Inc. has a 12 month low of $154.47 and a 12 month high of $254.30.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Thursday, August 6th. The company reported $3.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.98 by ($2.37). Nexstar Media Group had a net margin of 3.20% and a return on equity of 24.02%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the firm earned $3.06 earnings per share. The business’s revenue for the quarter was up 62.2% on a year-over-year basis. Analysts expect that Nexstar Media Group, Inc. will post 32.88 EPS for the current year.

Nexstar Media Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $1.86 dividend. The ex-dividend date is Friday, August 14th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.0%. Nexstar Media Group’s dividend payout ratio is 142.80%.

Institutional Trading of Nexstar Media Group

Several institutional investors have recently modified their holdings of NXST. Torren Management LLC purchased a new stake in shares of Nexstar Media Group during the fourth quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new position in Nexstar Media Group in the 3rd quarter valued at about $28,000. State of Wyoming acquired a new stake in Nexstar Media Group in the 2nd quarter worth about $54,000. Danske Bank A S acquired a new stake in Nexstar Media Group in the 3rd quarter worth about $59,000. Finally, Harbor Investment Advisory LLC purchased a new stake in Nexstar Media Group during the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NXST shares. Wall Street Zen cut Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Deutsche Bank Aktiengesellschaft reduced their price target on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating for the company in a report on Monday, May 11th. Wells Fargo & Company lowered their price target on Nexstar Media Group from $253.00 to $249.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Zacks Research lowered Nexstar Media Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Finally, Barrington Research restated an “outperform” rating and issued a $290.00 price objective on shares of Nexstar Media Group in a research report on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Nexstar Media Group has a consensus rating of “Moderate Buy” and an average price target of $259.00.

About Nexstar Media Group

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.